Micron shares jump 7% on new multibillion-dollar US chipmaking investment
Memory-chip maker Micron rose about 7% after announcing billions of dollars in additional US manufacturing investment. The move deepens a domestic chipmaking push backed by federal incentives and rising AI-driven demand. Investors welcomed the expansion as a bet on long-term memory supply.
Micron announced billions of dollars in additional investment in its US chip manufacturing facilities, sending its shares up about 7% during the session. The company aims to expand domestic capacity to meet rising demand for memory chips.
The move is seen as part of federal incentive programs designed to bring semiconductor production onshore. According to analysts, the growing memory needs of artificial-intelligence data centers are pushing manufacturers to add capacity.
Micron's management said it would share details on the locations of new facilities and hiring targets in the coming period. Investors are watching closely to see whether heavy capital spending will weigh on profit margins in the near term.
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